Talen Energy prices $2.69B senior notes for Caithness plant acquisitions

Talen Energy Corp

Priced $1.40B 6.250% senior notes due 2034 and $1.29B 6.500% senior notes due 2036.
Expected closing October 27, 2025; net proceeds plus $1.2B term loan will fund acquisitions.
Acquiring 1,045 MW Freedom Energy Center (PA) and 1,836 MW Guernsey Power Station (OH) from Caithness.
If acquisitions not completed by July 17, 2026 (extendable to Jan 17, 2027), notes subject to mandatory redemption at 100% of issue price.

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